How small businesses faced the challenges of the pandemic
The impact of the pandemic varied by industry, as did the strategies for survival.
By Alan Goforth|May 13, 2021 at 08:45 AM
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As the pandemic slowly begins to wind down, economists are taking the pulse of small business. Their performance is critical to the overall U.S. economy, with small businesses employing nearly half of the workforce, creating two-thirds of net new jobs and accounting for 44 percent of economic activity.
A survey by Clutch identified the four greatest financial challenges they faced in 2020:
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